The United Arab Emirate's economy is estimated to have grown by around 4 percent in 2012, little changed from the previous year, and a similar clip is seen in 2013, its Economy Minister said on Thursday."I am waiting for the [gross domestic product] figures [from last year]... but the estimate will be hovering around plus 4 percent," Sultan bin Saeed al-Mansouri told reporters on the sidelines of a ministry event."I think this year will be the same as there are no major changes, changes in oil prices or the general situation of the world economy so that is an indication it will hover around the same percentage," he said.In November, Mansouri estimated that the UAE's inflation-adjusted GDP would grow between 3.5 and 4 percent in 2012, below 4.2 percent in 2011 as the global slowdown, partly due to the euro zone debt woes, was expected to take toll.

“All indications show that UAE and Dubai economy will continue growing in 2013 by 3.8 percent," Sheikh Ahmed told Arabian Business. “Tourism, hospitality and trade will continue to play a major role in the growth."

The UAE's economy was projected to have grown 4 percent last year and is estimated to slow down to 2.6 percent according to the International Monetary Fund.

A partial rebound in the property market, a resurgence in consumer confidence and improved bank performance has helped the Dubai stock market reach a 39-month high.

UAE Central Bank governor Mubarak Al Mansouri said yesterday that the country’s non-oil economic growth is forecast to pick up next year and expand at least 3.5 per cent from 3.1 per cent this year, Reuters reported.

The UAE’s non-oil contribution to its gross domestic product will jump by about 14% in four years due to rapid diversification of the economy, Sultan Bin Saeed Al Mansouri, Minister of Economy, said on Monday. Currently, the non-oil sector contributes 70% of the UAE’s GDP with oil contributing the remaining. By 2021, the non-oil sector will contribute 80%, he said. “Efforts are being made to increase the percentage of non-oil sector to the GDP by 80 per cent by 2021 in order to establish the base for post-oil economy,”

The International Monetary Fund (IMF) has said that the UAE economy will grow 3.4% in 2018, while an upswing in the world economy would likely gather pace into next year. The improved outlook for the UAE follows a predicted 1.3% growth in 2017 as low oil prices continued to impact all regional economies. Kuwait will record the fastest growth within the GCC at 4.1% in 2018 following negative growth of 2.1% in 2017. "Fuel exporters are particularly hard hit by the protracted adjustment to lower commodity revenues," the IMF said in its World Economic Outlook report on Tuesday. The fund said that the risk of low oil prices is affecting the economic outlook of the regional economies. As a result, Saudi Arabia will grow at 0.1% and 1.1% respectively in 2017 and 2018, Bahrain at 1.5% and 0.8%, Kuwait -2.1% and 4.1%, Oman 0.0% and 3.7%, and Qatar at 2.5% and 3.1%. MENA growth as a whole is projected to more than halve in 2017, from 5.1% to 2.2%, "on the back of a slowdown in the Islamic Republic of Iran's economy after very fast growth in 2016 and cuts in oil production in oil exporters", the IMF said. Iran's economic growth will slide to 3.5% in 2017 from 12.5% in 2016 but is expected to expand 3.8% next year, the fund said. The Washington-based fund projected the price of oil to average $50.3 a barrel in 2017, higher than the previous year, but will remain in the 50s until 2022. Economic growth in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) is likely to rebound in 2018 after losing momentum this year, weighed down by geopolitical risks and a slowdown in Iran's economy, according to the IMF. Overall MENAP growth is projected to rise to 3.5% in 2018 from 2.6% this year, the IMF said in its world economic outlook report on Tuesday.

Driven by increased buoyancy in non-oil sector, Abu Dhabi's gross domestic product, GDP, surged by 6.7 percent in Q2 2017, against the corresponding period last year, according to a Statistics Centre - Abu Dhabi, SCAD, report.

The non-oil sector contributed 70.2 percent to the emirate’s GDP during Q2, while the oil-sector accounted for 29.8 percent only, said the report.

During the monitored period, the relative contribution of non-oil activities to Abu Dhabi's GDP increased by 3.6 percent, with the added value of oil operations rising by 14.7 percent, added the report.